Styrene

The demand for styrene in India has significantly increased at a swift annual growth rate of 7.5% from fiscal year 2011-12 to 2016-17 and a decent growth is expected over the period of 2016 to 2021 after the chemical marketâ€™s recovery from the global economic slowdown.

Overview

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Table of Contents

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The entire demand for styrene is met through imports due to lack of any production facilities within the country. This makes the demand susceptible to international fluctuations in prices as well in its availability. Benzene, the primary feedstock for styrene, has a direct influence on the supply of styrene to India since feedstock prices determine the prevalent market dynamics.

Due to lack of production facilities, India is entirely dependent on imports from other countries to meet its growing styrene demand. An abrupt change in international prices therefore, harshly affects domestic users in the country. Since there are no plans of any capacity initiations in the near future, international producers hold an extraordinary grip on the domestic market.

Styrene is relatively inexpensive to move and hence, widely exchanged between different regions. Asia currently accounts for more than half of global styrene demand and is expected to remain the global styrene growth driver. Continued industrial development, population growth and rising income levels are key drivers, all of which are dominant in the upcoming Asian markets and in India. Industrial development in China continues to have substantial influence on regional styrene demand.

Styrene demand remains dominated by its main derivative, polystyrene, and this industry has reached its maturity in several developed countries of the west. Styrene demand in America and Europe has, therefore, declined in recent years due to reduced levels of manufacturing and material substitution in packaging.

Polystyrene consumption continues to come under pressure from substitutes such as polypropylene and PET from both cost and performance perspective. Global demand for polystyrene will increase at a moderate annual growth rate of 2.4% over the period of 2017 to 2021. Other important applications of styrene in the global market include production of acrylonitrile-butadiene-styrene (ABS) and styrene-acrylonitrile (SAN) resins, styrene-butadiene (SB) copolymer latexes and unsaturated polyester.

Highlights of the Report

Domestic installed capacity, production and demand

Key Manufacturers in India

Capacity Utilization Rate

Planned Projects and Capacity Expansions

Domestic Market Share and Trends

Region-wise Demand Distribution

Month-wise Import Quantities

Month-wise Export Quantities

Country-wise Share of Imports

Country Wise Share of Exports

Major End Users, Traders and Distributors

Domestic Market Prices

Prominent Production Technology Licensors

Industrial Manufacturing Process

Application and Use in Diverse Sectors

Global Market highlights

Health Impacts

Chemical and Physical Properties

Market Dynamics

Chapter 1: Introduction

Chemical and Physical Properties

Application and Use

Health Impacts

Industrial Manufacturing Process

Prominent Production Technology Licensors

Chapter 2: Indian Scenario

Production and Demand

Region-wise Demand Distribution

Key Producers in India

Market Share and Trends

Import and Exports

Month-wise Import Quantities

Month-wise Export Quantities

Country-wise Share of Imports

Port-wise Share of Imports

Major End Users, Traders and Distributors

Pricing in India

CIF Pricing

Chapter 3: Global scenario

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